Dialysis giant DaVita HealthCare Partners Inc. has finalized a deal in which it will pay $389 million and unwind 11 joint ventures to resolve criminal and civil claims by a whistleblower that it provided kickbacks to kidney doctors, DaVita and the U.S. Department of Justice said Wednesday.
The Brazilian suitors seeking to upend a $500 million-plus inversion between Chiquita Brands International Inc. and Ireland's Fyffes PLC again sweetened their own all-cash takeover offer for Chiquita on Thursday, a last-ditch effort to win shareholders' support before a Friday vote.
Apple Inc. triumphed in GPNE Corp.'s $94 million patent trial Wednesday when a California federal jury unanimously found that the tech titan's iPhones and iPads didn't infringe two data-communications patents, though Apple failed to convince jurors that those patents are invalid.
Fifth Street Asset Management Inc. called off its plans Wednesday to raise nearly $240 million in an initial public offering, citing bumpy market conditions and continued volatility for new issuers.
BGC Partners Inc. said Wednesday it has launched a $675 million hostile takeover bid on for rival brokerage and trade services provider GFI Group Inc. after talks between the companies failed to result in a deal.
Mylan Inc. and Abbott Laboratories said Wednesday that new limitations imposed by the Obama administration on tax-motivated M&A wouldn't derail their planned $5.3 billion inversion deal, though they did modify the terms of the transaction.